Sunday, February 5, 2023

Chinese Internet firms log first revenue decline amid regulatory crackdown

According to the South China Morning POst, the combined revenue of Chinese Internet firms decreased 1.1% to 1.46 trillion yuan ($217 billion) last year, marking a sharp contrast to double digit growth in the previous six years.

from Tech-Economic Times https://ift.tt/DKa6pBN
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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...